Yes. First, the legal heir has to obtain a DSC in his own capacity. The DSC of the legal heir, so obtained can be registered in the ITD e-filing website as follows: The details of Legal heir and the deceased assessee, such as : PAN, First Name, Middle Name, Last Name, Date of Birth, Father’s First Name, Father’s Middle Name, Father’s Last Name, Mobile Number,
Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN.
If your company hasn’t given your Form 16, which gives details of your tax deducted at source (TDS), don’t fret yet. Taxpayers can check online if the tax deducted from the salary has actually gone to the department on a facility set up by the income tax (I-T) department. Also, in the absence of Form 16, a taxpayer can use this facility to get TDS credit details and file returns accordingly.
Mr. Neeraj Singhal, erstwhile Promoter and Managing Director of Bhushan Steel Limited was arrested by the Serious Fraud Investigation Office (SFIO). He was produced before the court of Competent Jurisdiction today and was sent to Judicial Custody till 14thAugust, 2018.
KCAS has requested Corporate Affairs Minister Shri. Piyush Goyal that DIR-3 KYC for the year 2018-19 be should be deferred to January 2019 keeping in view of efficiency of transacting and form filing without hindrance of blockage of DIN as it suits for the directors and professionals to plan efficiently for updation. Text of the […]
As you are aware that at present, the activity of issuance of Form No.16A is distinct and independent of filing of e- TDS statement on quarterly basis and therefore the chances of mismatch, in certain cases, between TDS Certificate in Form No.16A and Form No, 26AS cannot be completely ruled out. To overcome the challenge of mismatch, the CBDT issued Circular No.3 dated May 13th 2011 , CBDT CIRCULAR NO-01/2012 dated 9th April, 2012 a
Income Tax Department has accepted 99.65 per cent of tax returns as it is and has picked only 0.35 per cent cases for detailed scrutiny thereby showcasing full faith in the taxpayers, chairman of the Central Board of Direct Taxes (CBDT), Mr Sushil Chandra said at an ASSOCHAM event held in New Delhi today.
Tax planning is an integral part of everyone’s financial plan. Section 80C of Income Tax Act, 1961 allows you as an assessee to claim income tax deductions by investing in specific investments. Among the other tax saving options, tax saving mutual funds or ELSS (Equity Linked Savings Scheme) is the most popular tax saving investment […]
GST exemption on Toll Charges collected by Ankit Tandon & Tollways as a sub-contractor. Ruling under Notification No. 12/2017-Central Tax(Rate).
Valuation of Rent Free Accommodation has been specified under Rule 3 of the Income Tax Rules. Mentioned below are the few merit points from the specified rule. Unfurnished accommodation :-In case of central and state government employees, the perquisite value is to be determined as per the licence fee specified by the government. For governmentemployees, on deputation with anybody or undertaking, the perquisite value is to be determined by treating such a body or undertaking as the employer as below. In case of non-government employees, the perquisite valuation for unfurnished rent-free accommodation (RFA) is to be determined as lease rent paid by employer or specified per cent of salary,whichever is lower. As prescribed under the rules, the percentage of salary varies from 7.5-15%, depending on the population of the city as per the 2001 census.
